It’s all about trade (again)

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Presentation transcript:

It’s all about trade (again) Period 3 Part 1 Notes

Improved transportation and commercial practices lead to: More trade A wider range of existing trade routes New Trade routes State practices to help trade New trading organizations State-sponsored projects like the Grand Canal in China

Existing Routes Silk road Mediterranean Sea Trans-Saharan Indian Ocean basin

New trading cities Novgorod Timbuktu Swahili city-states Hangzhou Calicut Baghdad Melaka Venice Tenochtitlan Cahokia Note: New trade routes centering on Mesoamerica and the Andes start!

Luxury goods Interregional trade Sophisticated caravan organization New technologies like: The compass, astrolabe, and larger ship designs New forms of credit and monetization Common luxury goods were: silk and cotton textiles, porcelain, spices, precious metals, and gems, slaves, exotic animals

New forms of Credit and Monetization Bills of exchange Credit Checks Banking houses (short form = banks) Minting of coins by the state Use of paper money

Research question Find out what allowed the empires below to grow during this period: China Byzantine Empire Caliphates Mongols Hanseatic League

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